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Good morning,

In whatever situation your friend is in, he will be eligible to keep only the existing property on hand.

1) If he gets a resale or BTO unit but have not fulfilled the MOP, he will be required to sell off the unit that he inherited.
2) Being a HDB owner, in the event he inherits another HDB afternoon MoP, he need to choose to sell either of the unit.
3) Should he purchase a condo now and inherits the HDB, he will be required to sell away the condo if he choose to keep the HDB unit.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA

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Hi Nicky,

True, 计划赶不上变化. This is the most common we are encountering day in day out.

To begin with, what is he intend to achieve in 5 years or 10 years down the road. Although situation always change, it is still our choice of making plans.

There are few things to consider:
(a) Finance; can he afford private, how much loan he need, is this going to be a stretch?
(b) Size: HDB BTO is only eligible for 2-room, is he comfortable with the size
(c) Time: Can he wait? HDB BTO is uncertain, may be he inherit the HDB before he can get to select the BTO.

There are pros & cons in any selection, I'll try to summarize as follow:
(1) HDB, regardless of timing, he is only allow to keep either one. Most properly to let go the inheritance rather than getting appeal to sell off his own.
(2) Private: Good capital appreciation, but entry level also high.
(3) EC: He as a single cannot purchase new EC, thus only resale EC. Resale EC has higher capital appreciation than HDB but lower than private. Entry level is in the mid of HDB & private.

The above summary are based on the same size for comparison.

Hope the above answer to your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com

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Hi,

In the event of an inheritance, your friend will only be allowed to keep one unit. He has the choice of which unit to keep though.

If your friend is still staying with his dad, I would prefer him get a private condo and rent it out for passive income. This is because nobody can foresee the future. May his father be still around in next 20-30 years. If this is the case, the private property he buys today would have been fully paid off by the tenant.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you and your partner in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More